Vest Financial LLC Sells 69,848 Shares of EOG Resources, Inc. $EOG

Vest Financial LLC cut its stake in EOG Resources, Inc. (NYSE:EOG) by 44.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,888 shares of the energy exploration company’s stock after selling 69,848 shares during the quarter. Vest Financial LLC’s holdings in EOG Resources were worth $9,630,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of EOG. Sivia Capital Partners LLC bought a new stake in EOG Resources during the 2nd quarter valued at approximately $258,000. Occidental Asset Management LLC purchased a new position in shares of EOG Resources in the 2nd quarter valued at approximately $202,000. Waycross Partners LLC boosted its position in shares of EOG Resources by 3.8% during the second quarter. Waycross Partners LLC now owns 129,244 shares of the energy exploration company’s stock valued at $15,459,000 after purchasing an additional 4,729 shares in the last quarter. Foster Victor Wealth Advisors LLC lifted its position in EOG Resources by 5.2% during the second quarter. Foster Victor Wealth Advisors LLC now owns 59,134 shares of the energy exploration company’s stock valued at $7,208,000 after buying an additional 2,935 shares during the period. Finally, Cassia Capital Partners LLC boosted its holdings in shares of EOG Resources by 7.8% during the 2nd quarter. Cassia Capital Partners LLC now owns 8,048 shares of the energy exploration company’s stock valued at $963,000 after buying an additional 581 shares in the last quarter. Institutional investors own 89.91% of the company’s stock.

Analyst Upgrades and Downgrades

EOG has been the topic of several recent research reports. Royal Bank Of Canada set a $138.00 price target on EOG Resources and gave the stock an “outperform” rating in a research note on Tuesday, January 13th. Johnson Rice dropped their price target on shares of EOG Resources from $145.00 to $135.00 and set a “hold” rating on the stock in a research note on Friday, December 5th. Barclays decreased their target price on shares of EOG Resources from $136.00 to $133.00 and set an “equal weight” rating for the company in a report on Wednesday. The Goldman Sachs Group cut their price target on shares of EOG Resources from $130.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, October 15th. Finally, BMO Capital Markets lowered their price objective on EOG Resources from $126.00 to $120.00 and set an “outperform” rating on the stock in a research report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and sixteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $135.56.

Insider Activity

In other news, COO Jeffrey R. Leitzell sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $105.68, for a total transaction of $211,360.00. Following the sale, the chief operating officer directly owned 54,979 shares in the company, valued at $5,810,180.72. This trade represents a 3.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by insiders.

EOG Resources Stock Up 1.7%

EOG Resources stock opened at $107.97 on Thursday. The business’s 50-day moving average price is $106.78 and its 200 day moving average price is $112.35. The company has a quick ratio of 1.43, a current ratio of 1.62 and a debt-to-equity ratio of 0.25. The firm has a market cap of $58.59 billion, a price-to-earnings ratio of 10.75, a price-to-earnings-growth ratio of 8.82 and a beta of 0.49. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $136.20.

EOG Resources (NYSE:EOG) last released its quarterly earnings data on Thursday, November 6th. The energy exploration company reported $2.71 EPS for the quarter, topping the consensus estimate of $2.42 by $0.29. The business had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.48 billion. EOG Resources had a return on equity of 19.80% and a net margin of 24.49%.The business’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.89 EPS. As a group, sell-side analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be given a $1.02 dividend. The ex-dividend date is Friday, January 16th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.8%. EOG Resources’s dividend payout ratio is 40.64%.

About EOG Resources

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand?alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.